In connection with a joint study on intellectual property (IP) issues and non-fungible tokens (NFTs), the United States Patent and Trademark Office (USPTO) and the United States Copyright Office (USCO) published a notice in the Federal Register last week seeking public comments on 13 separate questions – each related to a different aspect of IP use in NFTs. The comment period closes on Jan. 9, 2023. Additionally, in mid-January 2023, the USPTO and USCO will hold three public roundtables focused on IP issues in the NFT space. Registration for these events closes on Dec. 21, 2022.
In related news, an American toy manufacturing and entertainment company reportedly launched its own NFT marketplace. According to reports, the marketplace, built on the Flow blockchain, will allow users to purchase NFTs without the use of cryptocurrency and will support peer-to-peer trading. The first series of digital collectibles – based on one of the company's most recognizable properties – is reportedly set to drop in mid-December.
In other marketplace news, OpenSea reportedly released an “on-chain enforcement tool” to help NFT creators enforce royalty payments on the secondary sales of their work. According to reports, the tool would allow NFT artists to “specify which addresses can make token transfers on their behalf.” This would effectively allow artists to halt resale of their work on sites that refused to honor royalty fees.
For more information, please refer to the following links:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
© Mondaq® Ltd 1994 – 2022. All Rights Reserved.
Forgot your password?
Free, unlimited access to more than half a million articles (one-article limit removed) from the diverse perspectives of 5,000 leading law, accountancy and advisory firms
Articles tailored to your interests and optional alerts about important changes
Receive priority invitations to relevant webinars and events
You’ll only need to do it once, and readership information is just for authors and is never sold to third parties.
We need this to enable us to match you with other users from the same organisation. It is also part of the information that we share to our content providers (“Contributors”) who contribute Content for free for your use.
Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.
